Janney Montgomery Scott LLC Buys 11,036 Shares of Centrus Energy Corp. $LEU

Janney Montgomery Scott LLC lifted its stake in shares of Centrus Energy Corp. (NYSE:LEU) by 143.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 18,714 shares of the company’s stock after purchasing an additional 11,036 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Centrus Energy were worth $3,249,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. raised its position in Centrus Energy by 5,000.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Centrus Energy during the fourth quarter worth about $30,000. RiverPark Advisors LLC bought a new stake in shares of Centrus Energy during the third quarter worth about $33,000. Fulcrum Asset Management LLP acquired a new position in shares of Centrus Energy in the third quarter valued at approximately $34,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Centrus Energy in the fourth quarter valued at approximately $36,000. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Stock Performance

Shares of LEU stock opened at $165.69 on Wednesday. The stock has a market capitalization of $3.26 billion, a PE ratio of 54.86, a PEG ratio of 21.29 and a beta of 1.35. The business’s 50 day simple moving average is $181.55 and its 200 day simple moving average is $215.28. The company has a debt-to-equity ratio of 1.52, a current ratio of 5.72 and a quick ratio of 4.88. Centrus Energy Corp. has a one year low of $144.65 and a one year high of $464.25.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.72. The firm had revenue of $76.70 million during the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.60 EPS. As a group, research analysts forecast that Centrus Energy Corp. will post 2.74 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Todd M. Tinelli sold 306 shares of Centrus Energy stock in a transaction on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LEU shares. UBS Group dropped their price objective on shares of Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Weiss Ratings cut shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Citigroup dropped their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, B. Riley Financial reduced their price objective on shares of Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $271.18.

About Centrus Energy

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.